Demand for tin is rising, and no new mines are set to come online in response. As a result, many analysts expect a deficit in 2014.
Indonesia, supplier of more than one-third of the world's tin, has begun to institute new rules to control the tin trade.
Much has been said of the massive scope of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Lisa Reisman, managing editor of MetalMiner.com, sees opportunity in the controversial provisions governing conflict minerals.
Chinese companies continued to play a huge role in the tin market in 2012.
Solid Resources Ltd. (TSXV:SRW) announced the intent to proceed with a non-brokered private placement offering of up to up to Cdn. $425,000 consisting of 4,250,000 common shares at a subscription price of Cdn $0.10 per Common Share.
Solid Resources Ltd. (TSXV:SRW) completed its non-brokered private placement consisting of 10,541,667 units, for gross proceeds of $1,265,000.
Solid Resources Ltd. (TSXV:SRW) announced a non-brokered private placement offering of units of up to $1,200,000 for a total of 10,000,000 shares.
Solid Resources Ltd. (TSXV:SRW,FWB:YRS) issued clarification on its technical disclosures for the Alberta 1 Tin/Tantalum and Lithium Project and the Cehegin Iron Project.
Reuters reported that Indonesia, the world’s top exporter of refined tin, is working on boosting exports of finished products. The government’s focus now is to add value to exports, which make smelters unnecessary.
Reuters reported that tin fell close to 7% in the London Metal Exchange on a disappointing Chinese economic data.
Bloomberg reported that tin shipments from Indonesia in March climbed 11.3% to 9,295.7 metric tons on increased purchases from Singapore and Malaysia.
Reuters reported that tin advanced slightly at 0.6% on the LME amid a weak jobs data in the US, which dampened the demand for most metals.